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Australia and New Zealand Fetal Bovine Serum Market Expected to Reach $35 Million by 2030

06-01-2023 07:16 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Australia and New Zealand Fetal Bovine Serum Market

Australia and New Zealand Fetal Bovine Serum Market

Australia and New Zealand fetal bovine serum market size was valued at $20 million in 2020, and is projected to reach $35 million by 2030, registering a CAGR of 5.2% from 2021 to 2030. Biotechnology is the branch of science that deals with the study of living organisms and their use to make technological innovations. Media is a nutrient growth substance provided in laboratory and research settings for growth, proliferation, maintenance, and storage of microorganisms and other cell types such as stem cells, mammalian, and other cell lines. Different culture media are available in the market for various cell cultures to survive and grow in their incubation environment such as lysogeny broth, serum free media, classical media, and chemically defined media. In addition, sera are used as additional growth supplement factors owing to the presence of hormones necessary for cell growth, proliferation, and differentiation of cells.

๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ :
. PAN BIOTECH, ROCKY MOUNTAIN BIOLOGICALS, BIOLOGICAL INDUSTRIES, GE HEALTHCARE, BIOWEST, HIMEDIA LABORATORIES PVT. LTD., ATLAS BIOLOGICALS, THERMO FISHER SCIENTIFIC INC., BIO TECHNE, MERCK KGAA (SIGMA ALDRICH)

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/14071

By application, cell culture segment accounted for the majority of market share of the market in 2020. This is attributed to the fact bovine serum is used majorly as an additional supplement in the cell culture media. Furthermore, another factor that contributes to the growth of this segment in Australia and New Zealand include the presence of major key players that offer FBS for cell culture techniques. These include Merck KGaA (Sigma Aldrich), Thermo Fischer, and others that provide specialty FBS for use in cell culture.

By end user, the biotechnology & pharmaceutical company segment generated the maximum revenue of in 2020. This segment is anticipated to exhibit prominent growth rate, due to significant rise in R&D for the development of biopharmaceutical drugs and cancer research.

๐…๐จ๐ซ ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/14071

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜
By application, the cell culture segment held the largest Australia and New Zealand fetal bovine serum market share in 2020 and is expected to remain dominant during the forecast period.

By end user, the biotechnology & pharmaceutical segment held the largest market share in 2020 and is expected to remain dominant during the forecast period.

By application, biopharmaceutical is expected to experience market growth at the highest rate during the forecast period.

๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

Veterinary Point of Care Blood Gas Analyzers Market -- https://www.alliedmarketresearch.com/veterinary-point-of-care-blood-gas-analyzers-market

Single-use Bioprocessing Material Market -- https://www.alliedmarketresearch.com/single-use-bioprocessing-material-market

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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